Travis County Gives Final Approval to Tax Incentives for Apple Expansion in Austin

Discussion in 'MacRumors.com News Discussion' started by MacRumors, May 1, 2012.

  1. macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    The Travis County Commissioners Court has just given official approval for a package of tax incentives designed to secure Apple's commitment to expand its Austin, Texas campus and add over 3,600 new jobs at the site. The approval comes after development officials expressed concern last week that the deal was "in peril" as concerns over loopholes in the contract delayed approval by the county.

    [​IMG]


    Apple's campus in Austin, Texas (Source: Flickr/The Pug Father)
    Prior to today's meeting of the Commissioners Court, the Austin American-Statesman reported on some of the tweaks to the contract, including language requiring Apple to pay the lowest-salaried 10% of its new employees at the site an average of $35,000 per year. Contractors, which may comprise up to 25% of the new hires, will be paid a minimum of $11 per hour.

    Apple governmental affairs representative Jason Lundgaard was on hand for the session and answered several questions for the county commissioners.

    Travis County is the final governmental entity to approve its portion of the total tax incentive plan, which is estimated to yield $35-36 million for Apple in exchange for adding the jobs and facilities. The State of Texas and the City of Austin previously approved their pieces of the deal.

    Article Link: Travis County Gives Final Approval to Tax Incentives for Apple Expansion in Austin
     
  2. macrumors 6502a

    hobo.hopkins

    Joined:
    Jul 30, 2008
    #2
    Sounds like a good deal for everyone involved. I'm glad to hear it.
     
  3. macrumors 6502

    d4rkc4sm

    Joined:
    Apr 23, 2011
    #3
    new mac pros today?
     
  4. macrumors regular

    Joined:
    Aug 20, 2011
    #4
    "Giving in and Giving it up"
     
  5. macrumors regular

    Joined:
    Jun 8, 2010
    Location:
    omnipresent
    #5
    Woop

    Woopie doo!
     
  6. macrumors 68030

    Joined:
    Feb 17, 2009
    #6
    Duh!
     
  7. macrumors member

    Joined:
    Apr 7, 2012
    Location:
    US
    #7
    Thursday I think, can't wait!
     
  8. macrumors newbie

    Joined:
    May 10, 2008
    #8
    Just a couple of miles from me. Glad to see it.
     
  9. macrumors 6502a

    Flood123

    Joined:
    Mar 28, 2009
    Location:
    Living Stateside
    #9
    What makes you think this ?:confused:
     
  10. macrumors 603

    Joined:
    Nov 25, 2009
    #10
    So, Apple continues screwing the taxpayers/counties/states etc. Good for Apple. Bad for everyone else. I guess 9.8% tax rate was too high for Apple.
     
  11. macrumors regular

    Joined:
    Oct 20, 2011
    #11
    Whew!!!

    Glad they got that figured out. I was worried that apple might not be able to survive without the $35 million government subsidy.
     
  12. macrumors 68030

    Mattie Num Nums

    Joined:
    Mar 5, 2009
    Location:
    USA
    #12
    11 bucks an hour. People at In n Out flipping burgers start at 10.
     
  13. macrumors 6502a

    foodog

    Joined:
    Sep 6, 2006
    Location:
    Atlanta, GA
    #13
    Like there was any way they were going to let all those jobs go somewhere else. Good news for Apple, the residents, and that counties local economy.
     
  14. macrumors 68000

    swordfish5736

    Joined:
    Jun 29, 2007
    Location:
    Cesspool
    #14
    In what way are they "screwing" taxpayers/counties/states? Are you referring to the NYtimes article that was based off information that was proven incorrect before the article was even written? Or are you basing your claim off of apple getting tax incentives to bring a few thousand jobs to a new area.
     
  15. macrumors 68030

    rjohnstone

    Joined:
    Dec 28, 2007
    Location:
    PHX, AZ.
    #15
    Apple got a sweet deal out of that one.
    $35 million in tax breaks for creating low level tech jobs.
    It will take decades for the City/County/State to break even on the deal.
     
  16. Stella, May 1, 2012
    Last edited: May 1, 2012

    macrumors 603

    Stella

    Joined:
    Apr 21, 2003
    Location:
    Canada
    #16
    Apple shouldn't require tax incentives.. they have enough money without leaching off tax payers.

    BTW - it isn't being anti apple, its being realistic.. they have more money than god at the moment. They don't need incentives, just use their own hoard of money.

    Average pay of $35,000? Low paying jobs.. sure it'll help the local economy. But ultimately, its like Apple ( or any other company ) have the attitude that they are doing the local area a favour by creating new jobs.
     
  17. macrumors 604

    BaldiMac

    Joined:
    Jan 24, 2008
    #17
    Way to cherry pick meaningless statistics! :rolleyes: Taxes are generally calculated on income, not revenue.
     
  18. macrumors member

    Joined:
    Mar 11, 2011
    Location:
    California, USA
    #18
    Trolled!

    CRIIM -- my suggestion: don't waste your time on that troll. These questions were all asked and answered in the previous thread on this same topic. Lilo just loves to hate on Apple. Apple could probably give 100 years' supply of organic, locally produced, age- and culture- and dietarilly-appropriate baby food to every hungry nation on the planet and this guy would find some way to bash Apple.

    He's on a lot of people's ignore lists.
     
  19. macrumors 6502

    cjbryce

    Joined:
    Jun 4, 2008
    Location:
    London
    #19
    They are.
     
  20. macrumors 68000

    swordfish5736

    Joined:
    Jun 29, 2007
    Location:
    Cesspool
    #20
    that is the lowest 10% receiving an average of $35,000 a year not the average of all new jobs paying $35,000. I'm not sure what the new jobs will be for but if its just phone level 1 support $35-40,000 is not that unreasonable to pay somebody to read questions off a screen
     
  21. macrumors 603

    Joined:
    Nov 25, 2009
    #21
    Yes that article to which Apple responded by claiming that they created more than 500K jobs in USA and not even trying to deny any of the article claims. The entity that needs those jobs the most is Apple themselves. Every single employer in USA does exactly that - brings jobs. But not all of them get the incentives. And Apple is the last company in USA that needs the incentives.

    BTW, could you provide a link to the information that proves that proves NYT wrong?

    ----------

    It is. What is unreasonable is to give Apple incentives to create those jobs in a situation when Apple is the one who needs those jobs the most.
     
  22. macrumors member

    Joined:
    Jan 15, 2009
    #22
    First level tech support requires about the same level of training.
     
  23. macrumors 603

    Joined:
    Nov 25, 2009
    #23
    The statistics ls always meaningless for those who can't understand it. NYT reported Apple tax numbers as percentage of their income (profits) not revenue. Exact quote: "As it stands, the company paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8 percent." As percentage of their revenue the number would be close to 0%.

    All those defending Apple by saying that high taxes prevent Apple from investing in job creation, R&D etc. should just shut up. Nobody taxes that.

    ----------

    Would you also argue for giving incentives to McDonalds' of this World for opening their burger joints?
     
  24. macrumors 603

    Stella

    Joined:
    Apr 21, 2003
    Location:
    Canada
    #24
    I'm not questioning the pay for the employees ( in fact, I really didn't need to quote any salary ), just more so the need for tax incentives.
     
  25. macrumors 65816

    Joined:
    Jan 8, 2009
    #25
    If it was Exxon getting those tax incentive you know all the Apple fanboys here either would be indifferent or be angry at them. Jeez...:rolleyes:

    Apple needed those jobs - they would go SOMEWHERE. It only hurts the taxpayers to provide additional tax breaks to a large filthy rich company who alreadly pays almost no taxes. I don't see how the local environment wins. More jobs yes for more taxes paid per individual. Yeah, I can do that to.

    Tony
     

Share This Page